A comprehensive guide to making better capital structure andcorporate financing decisions in today's dynamic businessenvironment
Given the dramatic changes that have recently occurred in theeconomy, the topic of capital structure and corporate financingdecisions is critically important. The fact is that firms need toconstantly revisit their portfolio of debt, equity, and hybridsecurities to finance assets, operations, and future growth.
Capital Structure and Corporate Financing Decisionsprovides an in-depth examination of critical capital structuretopics, including discussions of basic capital structurecomponents, key theories and practices, and practical applicationin an increasingly complex corporate world. Throughout, the bookemphasizes how a sound capital structure simultaneously minimizesthe firm's cost of capital and maximizes the value toshareholders.
* Offers a strategic focus that allows you to understand howfinancing decisions relates to a firm's overall corporatepolicy
* Consists of contributed chapters from both academics andexperienced professionals, offering a variety of perspectives and arich interplay of ideas
* Contains information from survey research describing actualfinancial practices of firms
This valuable resource takes a practical approach to capitalstructure by discussing why various theories make sense and howfirms use them to solve problems and create wealth. In the wake ofthe recent financial crisis, the insights found here are essentialto excelling in today's volatile business environment.
H. Kent Baker
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung